Tag: Eric Holder

• Tuesday, July 15th 2014 - 06:49 UTC

  Citigroup agrees to pay 7bn dollars to settle sub-prime mortgages investigation

  

  Banking giant Citigroup will pay 7bn dollars to US authorities to settle an investigation into risky sub-prime mortgages. Citigroup will pay 4bn to the Department of Justice and 2.5bn for “consumer relief”.

• Wednesday, July 2nd 2014 - 07:45 UTC

  Main French bank agrees to 9bn dollars settlement with US prosecutors

  

  France's largest bank, BNP Paribas, has agreed to a record 9bn dollars settlement with US prosecutors over allegations of sanctions violations. As part of the deal, the bank will plead guilty to two criminal charges of breaking US sanctions against trade with Sudan, Iran and Cuba.

• Tuesday, May 20th 2014 - 08:33 UTC

  Credit Suisse pays 2.6bn dollars fine for helping US clients avoid taxes

  

  The Swiss banking giant Credit Suisse has pleaded guilty to helping some US clients avoid paying taxes to the US government and agreed to pay a 2.6bn fine. It is the biggest bank to plead guilty to criminal charges in the US in more than 20 years.

• Saturday, February 15th 2014 - 08:03 UTC

  Obama administration makes it easier for banks to deal with licensed marihuana companies

  

  The Obama administration made it easier for banks to do business with licensed marijuana companies with less fear of prosecution, further encouraging US states that are experimenting with legalization of the drug. The Justice and Treasury departments were in the process of outlining the policy in writing to federal prosecutors and financial institutions.

• Saturday, January 18th 2014 - 06:21 UTC

  Obama announces contention policy for NSA monitoring activities

  

  President Barack Obama has announced a ban on US eavesdropping on the leaders of close friends and allies, and rein in the vast collection of Americans' phone data in a series of reforms triggered by Edward Snowden's revelations.

• Wednesday, November 20th 2013 - 04:38 UTC

  JP Morgan agrees to pay record 13bn settlement for misleading investors

  

  US bank JP Morgan has agreed to a record 13 billion dollars settlement with US regulators for misleading investors during the housing crisis. It is the largest settlement ever between the US government and a corporation. The bank acknowledged it made “serious misrepresentations to the public”, but said it did not violate US laws.

• Wednesday, August 14th 2013 - 20:01 UTC

  US files anti-trust case to block merger of American with US Airways

  

  The US justice department has filed an anti-trust case to block the merger of American Airlines and US Airways. The 11bn dollars deal which would form the world's largest airline was backed by a federal judge in March and has been approved by the European Union.

• Wednesday, August 7th 2013 - 16:46 UTC

  US government lawsuits against Bank of America related to mortgage-backed securities fraud

  

  US government filed two lawsuits against Bank of America relating to fraud on 850 million dollars of mortgage-backed securities. The Justice Department and the Securities and Exchange Commission filed parallel suits in North Carolina.